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Simbhaoli Sugars Q4 FY25 results: net profit down 78.7% to ₹7.78 crore, revenue down 1.4%
Simbhaoli Sugars Limited reported consolidated Q4 FY25 revenue of ₹373.24 crore and EBITDA of ₹44.45 crore, with an 11.9% margin. Profit after tax was ₹7.78 crore, compared with ₹36.54 crore in Q4 FY24, while basic EPS was ₹6.86.
Key points
- Consolidated Q4 FY25 revenue was ₹373.24 crore, down 1.4% from ₹378.50 crore in Q4 FY24.
- EBITDA was ₹44.45 crore, down 9.0% from ₹48.85 crore, while the margin was 11.9% against 12.9%.
- Profit after tax was ₹7.78 crore, down 78.7% from ₹36.54 crore in the year-ago quarter, and basic EPS was ₹6.86.
- Against Q3 FY25, revenue rose 40.0% to ₹373.24 crore and PAT turned to a profit of ₹7.78 crore from a net loss of ₹2.61 crore.
- The company filed audited standalone results and said consolidated FY25 statements could not be submitted because audited financial statements of major subsidiaries were unavailable.
How did Simbhaoli Sugars perform in Q4 FY25?
Simbhaoli Sugars reported consolidated revenue of ₹373.24 crore in Q4 FY25, against ₹378.50 crore in Q4 FY24 and ₹266.67 crore in Q3 FY25. EBITDA was ₹44.45 crore, compared with ₹48.85 crore a year earlier and ₹0.19 crore in the previous quarter. The EBITDA margin was 11.9%, against 12.9% in Q4 FY24 and 0.1% in Q3 FY25.
PAT was ₹7.78 crore in Q4 FY25, against ₹36.54 crore in Q4 FY24 and a net loss of ₹2.61 crore in Q3 FY25. Basic EPS was ₹6.86, compared with ₹8.80 in the year-ago quarter and negative ₹0.63 in the previous quarter. On a standalone basis, revenue was ₹357.40 crore and PAT was ₹47.53 crore.
| ₹ crore | Q4 FY25 | Q3 FY25 | Q4 FY24 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 373.24 | 266.67 | 378.50 | −1.4% | +40.0% |
| Other income | −7.69 | 4.23 | 5.57 | ||
| Total expenses | 358.80 | 273.50 | 346.91 | +3.4% | +31.2% |
| EBITDA | 44.45 | 0.19 | 48.85 | −9.0% | +23294.7% |
| EBITDA margin | 11.9% | 0.1% | 12.9% | −1.0 pp | +11.8 pp |
| Profit before tax | 6.75 | −2.61 | 37.16 | −81.8% | turned to profit |
| Tax | −1.02 | 0 | 0.61 | ||
| Net profit | 7.78 | −2.61 | 36.54 | −78.7% | turned to profit |
| EPS (₹) | 6.86 | −0.63 | 8.80 | −22.0% | turned to profit |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Simbhaoli Sugars' costs and profit?
Total expenses were ₹358.80 crore in Q4 FY25, up 3.4% from ₹346.91 crore in Q4 FY24. Cost of materials fell 13.3% to ₹420.28 crore, while employee cost rose 46.3% to ₹28.72 crore, finance costs rose 20.1% to ₹12.59 crore and depreciation rose 156.8% to ₹17.41 crore. Other expenses increased 6.4% to ₹75.50 crore, and there was no exceptional item.
Other income moved to negative ₹7.69 crore from ₹5.57 crore in Q4 FY24, a decline of ₹13.26 crore. Tax was ₹1.02 crore against ₹0.61 crore in the year-ago quarter, a decline of ₹1.63 crore. The filing excerpts did not state reasons for the movement in these items.
| ₹ crore | Q4 FY25 | Q4 FY24 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 420.28 | 484.85 | −64.57 | −13.3% |
| Employee cost | 28.72 | 19.63 | +9.09 | +46.3% |
| Finance costs | 12.59 | 10.48 | +2.11 | +20.1% |
| Depreciation | 17.41 | 6.78 | +10.63 | +156.8% |
| Other expenses | 75.50 | 70.96 | +4.54 | +6.4% |
| Total expenses | 358.80 | 346.91 | +11.89 | +3.4% |
| Other income | −7.69 | 5.57 | −13.26 | |
| Tax | −1.02 | 0.61 | −1.63 |
Source: Company's results filing (XBRL).
How did Simbhaoli Sugars do in FY25 as a whole?
For FY25, consolidated revenue was ₹1,164.31 crore, down 12.5% from ₹1,331.07 crore in FY24. Total income was ₹1,170.65 crore, down 13.3% from ₹1,350.98 crore. The company reported a loss before tax of ₹19.75 crore and a net loss of ₹19.81 crore for FY25, against losses of ₹12.01 crore and ₹12.14 crore respectively in FY24.
| ₹ crore | FY25 | FY24 | Change |
|---|---|---|---|
| Revenue from operations | 1,164 | 1,331 | −12.5% |
| Profit before tax | −19.75 | −12.01 | |
| Net profit | −19.81 | −12.14 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 31 March 2025, total assets were ₹2,032.51 crore, compared with ₹1,765.42 crore at 30 September 2024. Total equity was negative ₹98.14 crore, while borrowings stood at ₹1,010.74 crore and cash at ₹36.19 crore. Inventories were ₹483.55 crore, trade receivables ₹32.12 crore and trade payables ₹710.86 crore, against ₹145.64 crore, ₹33.31 crore and ₹406.23 crore respectively at the previous balance sheet date.
FY25 operating cash flow was ₹34.14 crore, compared with ₹25.46 crore in FY24. Investing cash flow was negative ₹29.61 crore, compared with negative ₹1.98 crore, while financing cash flow was ₹9.47 crore against negative ₹17.66 crore. Capital expenditure was ₹8.41 crore in FY25, compared with ₹12.8 crore in FY24.
| ₹ crore | As of 31 March 2025 | As of 30 September 2024 |
|---|---|---|
| Total assets | 2,033 | 1,765 |
| Total equity | −98.14 | −52.25 |
| Borrowings | 1,011 | 1,028 |
| Cash and equivalents | 36.19 | 39.45 |
| Inventories | 483.55 | 145.64 |
| Trade receivables | 32.12 | 33.31 |
Source: Company's results filing (XBRL).
| ₹ crore | FY25 | FY24 |
|---|---|---|
| Cash from operations | 34.14 | 25.46 |
| Cash from investing | −29.61 | −1.98 |
| Cash from financing | 9.47 | −17.66 |
| Capital expenditure | 8.41 | 12.80 |
Source: Company's results filing (XBRL).
How has Simbhaoli Sugars done over the last 8 quarters?
Revenue declined through the first three quarters of FY25, reaching ₹200.48 crore in Q2 FY25, before rising to ₹266.67 crore in Q3 FY25 and ₹373.24 crore in Q4 FY25. The latest revenue was below the FY25 peak of ₹323.93 crore in Q1 FY25 but above the Q2 FY25 low.
PAT followed a similar direction, moving from a net loss of ₹14.74 crore in Q1 FY25 to a net loss of ₹2.61 crore in Q3 FY25 and a profit of ₹7.78 crore in Q4 FY25. The EBITDA margin was 11.9% in Q4 FY25, up from 0.1% in Q3 FY25 but below the 12.9% recorded in Q4 FY24.
Which businesses drove the quarter?
Sugar revenue was ₹306.62 crore in Q4 FY25, down 10.2% from ₹341.56 crore in Q4 FY24. Sugar EBIT was ₹35.57 crore, compared with ₹43.03 crore, and the reported segment EBIT margin was 11.6%.
Distillery revenue rose 28.1% to ₹115.19 crore from ₹89.95 crore, while EBIT was ₹1.72 crore against ₹0.31 crore and the EBIT margin was 1.5%. Power revenue was ₹24.81 crore, with EBIT of negative ₹18.71 crore and an EBIT margin of negative 75.4%. Others reported revenue of ₹4.07 crore, up 27.1% from ₹3.20 crore, EBIT of ₹2.05 crore and an EBIT margin of 50.4%.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Sugar | 306.62 | −10.2% | 35.57 | 11.6% |
| Sugar | 306.62 | −10.2% | 35.57 | 11.6% |
| Distillery | 115.19 | +28.1% | 1.72 | 1.5% |
| Distillery | 115.19 | +28.1% | 1.72 | 1.5% |
| Power | 24.81 | −18.71 | -75.4% | |
| Power | 24.81 | −18.71 | -75.4% | |
| Others | 4.07 | +27.1% | 2.05 | 50.4% |
| Others | 4.07 | +27.1% | 2.05 | 50.4% |
| Borrowings | 0 | 0 | ||
| Borrowings | 0 | 0 |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
In the filing dated 9 June 2025, the IRP convened meeting took note of the audited standalone financial statements and audited standalone results for the quarter and year ended 31 March 2025. The company said the consolidated financial statements could not be submitted because the audited financial statements of the major subsidiaries were unavailable.
In a filing dated 10 June 2025, the company disclosed that Independent Director Har Prasad Kain resigned with effect from 8 June 2025 for personal reasons. The IRP meeting on 9 June 2025 took note of the resignation, and the director confirmed there were no other material reasons. The same-day filings did not state any dividend or fund-raising decision.
What did the auditors point out?
Mittal Gupta & Co. issued a qualified opinion on the audited standalone annual financial results. The qualification covered the pending impairment assessment for property, plant and equipment and amounts due from subsidiaries, unprovided borrowing interest, delayed-payment interest on sugarcane dues, unaccounted penalties, directors’ remuneration paid without all lenders’ consent, and an unprovided CFO remuneration of ₹9.23 lakhs.
The auditors also reported a material uncertainty related to going concern. They stated that the company was admitted under CIRP effective 11 July 2024, the IRP had taken over management and control, and the results continued on a going-concern basis. The auditors noted past cash losses, current liabilities exceeding current assets, payment defaults to lenders, sugarcane farmers and others, and negative net worth.
How did Simbhaoli Sugars shares react?
The stock did not move in the first 30 minutes after the filing. It closed 4.8% above the previous close on the reaction day, and by the next day’s close it was up 10.0% from the pre-results close. By five sessions later, the cumulative gain was 10.9%.
| After the filing | Stock |
|---|---|
| 5 minutes | +0.0% |
| 15 minutes | +0.0% |
| 30 minutes | +0.0% |
| Reaction day | +4.8% |
| Next day | +10.0% |
| 5 days | +10.9% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 13 February 2025 | −5.0% |
| 14 November 2024 | +1.2% |
| 13 August 2024 | −4.1% |
| 29 May 2024 | +3.1% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Simbhaoli Sugars' revenue in Q4 FY25?
Revenue from operations was ₹373.24 crore, down 1.4% from ₹378.50 crore in Q4 FY24 (consolidated).
Did Simbhaoli Sugars make a profit in Q4 FY25?
Yes. Net profit was ₹7.78 crore, against a net profit of ₹36.54 crore in Q4 FY24.
What was Simbhaoli Sugars' EPS in Q4 FY25?
Basic earnings per share were ₹6.86, against ₹8.80 in Q4 FY24.
How did Simbhaoli Sugars shares react to the Q4 FY25 results?
On the reaction day the stock moved +4.8% from the previous close.
When did Simbhaoli Sugars announce its Q4 FY25 results?
On 9 June 2025, in a filing to the NSE.
Sources
- Board Meeting Intimation for Notice Of Interim Resolution Professional (IRP) Convened Meeting - Regulation 29 And 33 Of SEBI (LODR) Regulations (BSE, 27 May 2025) · PDF
- Board Meeting Intimation for Notice Of Interim Resolution Professional (IRP) Convened Meeting - Regulation 29 And 33 Of SEBI (LODR) Regulations (BSE, 5 June 2025) · PDF
- Outcome of Board Meeting (NSE, 9 June 2025) · PDF
- Outcome of Board Meeting (NSE, 9 June 2025) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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